Will bitcoin hit 20K in 2020?

[Blue4]

I don't know exactly but BTC likely to hit $15k - 20k in this year because BTC is becoming more strong coin in cryptomarket moreover BTC halving is completed so definitely BTC will go up after the BTC halving BTC always trying to up so $20k is possible target.

[krypto4uvak]

I think this will happen soon. You can take a look at the market and see how things are going.

[I-Bit]

I think this will happen soon. You can take a look at the market and see how things are going.

Soon? Are you sure? To be honest, I am not really sure. I think it should take a long time to reach $20K. I just see a chance for maximum price about $15K in the near future. But it only can happen if the price of Bitcoin won't drop drastically again in few weeks later. Let's see first how the price to improve consistently. 

[Bit]

Do you mean passing the BTC ATH in this year 2020? Well, now the price can increase so significantly. But can it reach the ATH? It is probably quite difficult to do it becomes so far it is not big bullish time. So, I think that it may be difficult for it. But we don't know the future.

[H2O]

I think it could be possible because now bitcoin and Ethereum passing bullrun situations. Every coins now in CMC Green in color and Ethereum and bitcoin respectively $317 and $10000. I think bitcoin will hit $20 k in running year 2020.

[UNIVERSE]

With many good signs in crypto market currently, I think it is possible that the price of Bitcoin can reach $20K at the end of 2020. However, there is no guarantee that it really can happen because the price of Bitcoin can drop sharply anytime. Just be careful at this bullish season, it may end soon.

[themeritedone]

Actually I was very pessimistic and never thought we can hot 20k this year but after setting the defi hype and the recent run anything is possible as they say. Let's hope we make it.

[Muneeb22]

I have confidence in my long-term analysis, but I see myself more of an investor than a trader. I only care about really long-term price, not short-term price. I don’t think the current or near-term price of Bitcoin to represent how much its worth. In other words, I do not intend to use BTC as a currency on the foreseeable future.

Still, as the market has finally recovered (I believe), it’s now time to see where things could be heading up to the end of the year.

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Will the summer be kind to Bitcoin? Will we see a massive retracement back to the 20-day EMA or will Bitcoin continue to moon to new yearly highs?

Looking at the chart above, it’s easy to guess what I think will happen. As long as that green line stays intact and price manages to stay above it, I expect Bitcoin to continue pushing higher and higher.

You can see from the chart that the 50-day EMA has crossed the 100-day EMA, and the 20-day EMA is already above both of them. This means we’re clearly in bullish territory.

Moreover, Fibonacci levels show BTC is already holding on to the 0.5 retracement level. The next one will be the key 0.618 level, around $13,500. If Bitcoin manages to surpass this level and get to the 0.786 retracement level, going higher than $16,000, I see little reason for a major retracement back to $8,000 or so.

Sure, we can expect BTC to hit key support levels along the way, but the trend line is on quite a positive slope. And as they say, you should never go against the trend – just ride it for as long as possible.

If you inspect the chart closely, you’ll see there’s a little tunnel connecting the lows of 2018 with the highs of 2017, which by chance of the mighty trading gods happens to cross exactly over early January 2020.

What I think this means is that there will be a huge push towards new highs during the New Year. More adoption, more institutional investors, and a further push for Lightning and lower transaction fees will help Bitcoin’s price maintain its positive slope.

Additionally, we shouldn’t forget Bitcoin is a living organism. Through the implementation of Segwit, Signature Aggregation, Taproot, Graftroot, and Scriptless Scripts (smart contracts on the Bitcoin network), we can expect the king of cryptocurrencies to become even more resilient and easy to use.

Of course, my analysis could be entirely wrong, but I intend to keep checking how my trend line is holding up. Again, if Bitcoin is able to keep pushing forward, my bet is on a $20,000 Bitcoin by 2020. Wouldn’t that be the cherry on top of the cake?

https://finance.yahoo.com/news/bitcoin-hit-20-000-january-140013137.html?guccounter=1

This is possible that Bitcoin soon touch the 20k in just some months.

[Mikossa]

Never again

[Riya143]

Yes, I believe bitcoin can hit $20k. I am pretty much sure that the market will add value. But I’m anticipating it by 2020. I can clearly imagine the possibility of bitcoin having a higher price. Must be 20k. But not possible at the moment. There is a possibility towards the end of the year.

[Rafiq]

The crypto market is still stable in the midst of the ongoing global epidemic and is slowly rising. The price of bitcoin has already exceeded  $11k;  According to the overall consideration and analysis of various components of the market, I think the price of bitcoin will cross $15k by 2020, but it does not seem to cross $ 20k , it will take more time.

[gunhell16]

I believe in Bitcoin I don't know exactly this year Bitcoin will hit $20k but definitely I can say Bitcoin will cross $14k again it will happen in the next three months today is the good beginning for that.

Well, just as expected no prediction happens precisely here in crypto business. It was already August first tomorrow and yet Bitcoin price value so far was 11k$ almost, though it may not happen the expected price at least it's more than 10k$ each of bitcoin.

[alltalk]

Guys, the Bitcoin price is increasing quickly, it is already around $11,372. If this trend continues consistently till the next year, then surely we will have a chance to get another ATH in Bitcoin that possibly achieves above $20K. So, just keep watch on the market trend and discipline to analyze the Bitcoin price move.

[Lorix]

It will take time for the price of bitcoin to rise in the market, I believed in this theory. Because I thought about the global epidemic. But now prices have risen. So the epidemic has had no effect on bitcoin. The Bitcoin market is not plagued by epidemics. So I believe the price of bitcoin will increase. At a time when the price of bitcoin has risen, there will be better times ahead. So the price of bitcoin will increase. So the price of bitcoin 20k is not something difficult. It will be possible.

[syedrasool2011]

This market trading analysis applies to various exchanges, including Bitmex and Binance. Tackling questions like if Bitcoin can reach 20k again and if we will be seeing a crypto currency market recovery this year. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space.